A Japanese Day Trader Made $34 Million Last Monday – Fact or Fiction? Last December one couldn’t escape the story of the 17 year old teenager from New York who had allegedly made $72M (!!) trading stocks during lunch breaks at school. Of course, the next day it turned out it was all a hoax.… Read More »
Original Turtles Trading Rules I always say that you could publish trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80 percent as good as what we taught our people. What they couldn’t do is… Read More »
After all, the game of speculation isn’t all mathematics or set rules, however rigid the main laws may be. Even in my tape reading something enters that is more than mere arithmetic. There is what I call the behavior of a stock, actions that enable you to judge whether or not it is going to… Read More »
You know how some propagandists (from the passive, buy the index camp) like to portray active trading or investing as a war zone. There you are with your laptop or four screen PC pitted against the brightest PhDs and quants that the money of hedgefunds and banks can hire. It’s like a caveman with a… Read More »
This is the kind of question that gets asked a lot by beginners. After they become a little bit more familiar with forex trading, they’ll start asking ‘how much money do you need to trade for a living ?’. Well, that’s a subject for another article. If you look at brokers’ offers, you’ll notice that… Read More »
Many people mistakenly think that the behavior of markets is truly predictable. They open up the trading platform, draw a few lines, add some indicators, perhaps also pay attention to news and announcements, and expect the market to duly submit to their price targets. Well, of course, if they last long enough, they’ll come to… Read More »
I recently stumbled upon Winnersedgetrading, a website run by one Casey Stubbs. This is how I was welcomed: First Pop-up Who would not click on ‘Yes’? Second pop-up At this point I got intrigued – I mean, there’s a discrepancy between the seriousness implied by the domain name and what those pop-ups practically shout… Read More »
Here’s another batch of Q&A I hope you’ll find useful: 1. What’s the difference between a discretionary trader (as I consider myself) and a pure trend follower ? Simply put, and as the name implies, as a discretionary trader I’m not rigidly following the rules of a trading model which can either be built… Read More »